What is Rigado?
Rigado operates an Edge as a Service platform designed to deliver secure wireless data for enterprise-level IoT applications. Their core offerings, Edge Connect and Edge Direct, alongside advanced IoT gateways and access points, are engineered to enhance connectivity and operational efficiency within demanding commercial environments. The company's solutions are pivotal for organizations looking to adopt smart retail technologies, enabling continuous inventory tracking, robust device management, and optimized network performance, thereby ensuring superior device health and operational continuity.
How much funding has Rigado raised?
Rigado has raised a total of $21.2M across 4 funding rounds:
Corporate Investment
$5.2M
Series A
$15M
Debt
$350K
Debt
$637K
Corporate Investment (2018): $5.2M with participation from Madrona Venture Group
Series A (2019): $15M led by Madrona Venture Group, Oregon Venture Fund, Rogue Ventures, and FusionX Ventures
Debt (2020): $350K supported by PPP
Debt (2021): $637K featuring PPP
Key Investors in Rigado
Madrona Venture Group
Madrona Venture Group, established in 1995, is a venture capital firm with a focus on consumer internet, commercial software, and services, actively investing in technology companies.
Oregon Venture Fund
Oregon Venture Fund is dedicated to investing in and supporting growth companies, focusing on ambitious founding teams with innovative solutions to scale their businesses globally.
Rogue Ventures
Rogue Ventures Inc. partners with companies to develop and implement business and growth strategies, empowering organizations to achieve their visions and goals.
What's next for Rigado?
The recent major strategic investment in Rigado signals a pivotal moment for the company, likely indicating a transition into a scaling phase. This capital infusion is expected to fuel further development of their Edge as a Service platform, expand market reach, and enhance their suite of IoT solutions. Rigado's focus on critical sectors such as retail, grocery, and pharmaceuticals suggests a strategic push to solidify its position as a leader in enterprise IoT connectivity and data management, driving innovation in smart operations and device intelligence.
See full Rigado company page
